Nebraska Statutes 14-506. Funds; limitations upon withdrawals
Current as of: 2023 | Check for updates
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The city council of a city of the metropolitan class shall at no time draw warrants or create obligations against any of the funds provided in sections 14-501 and 14-502 in excess of the amount credited to such funds at the time of drawing the warrant or creating the obligation. The director of any department shall not draw or cause to be drawn a warrant or create or cause to be created an obligation against the appropriation to such director’s department in excess of the amount credited to such department.
Source
- Laws 1921, c. 116, art. IV, § 5, p. 470;
- C.S.1922, § 3629;
- C.S.1929, § 14-506;
- R.S.1943, § 14-506;
- Laws 2022, LB800, § 157.
Terms Used In Nebraska Statutes 14-506
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.